We currently have 2 Association cars for sale, both are located at our
Williston office presently. For more information please contact Ruchel at
800-639-3053.
2009 Toyota Camry LE V6, black with 108,500 miles. $7,250
2010 Subaru Legacy 2.5i Premium with all-weather package (heated seats,
mirrors). Graphite gray metallic with 68,000 miles. Some cosmetic blemishes.
$10,250
UPDATE 4/30 - both cars have been sold.
Wednesday, March 26, 2014
Wednesday, March 19, 2014
2014 Annual Meetings
Our 2014 Annual Meetings are fast approaching. As always we will have 4 regional meetings. If you would like to pre-register by email, just click on the location below. Please be sure to let us know how many will be attending!
This year we will be having 3 evening meetings beginning at 7 pm with registration at 6:30 pm:
Be looking for your 2014 Annual Meeting Information Statement which were mailed to members yesterday. Included in that statement is information on the Director Nominees which we initially posted about here.
Yankee's 2013 Annual Report was mailed to members last week and is also available on our website. A special thanks to the Rulf's family for allowing us to feature them on the front cover.
We look forward to seeing everyone in a few weeks!
This year we will be having 3 evening meetings beginning at 7 pm with registration at 6:30 pm:
- Monday, April 7th - The Eastside Restaurant in Newport
- Tuesday, April 8th - The Middlebury Inn in Middlebury
- Thursday, April 10th - The American Legion in St Albans
- Thursday, April 10th - Jesse's Steak and Seafood in Hanover, NH
Be looking for your 2014 Annual Meeting Information Statement which were mailed to members yesterday. Included in that statement is information on the Director Nominees which we initially posted about here.
Yankee's 2013 Annual Report was mailed to members last week and is also available on our website. A special thanks to the Rulf's family for allowing us to feature them on the front cover.
We look forward to seeing everyone in a few weeks!
Tuesday, March 18, 2014
2014 Maple Open House Weekend
Obviously Mother Nature is a little confused this year and has forgotten that it is sugaring season - which requires warmer days followed by cool nights. While the cool nights certainly haven't been an issue, the warm days just haven't made their way to the Northeast yet this year.
In spite of the weather, this weekend, Vermont, New York and New Hampshire are all promoting their upcoming Maple Open House weekends. Sugar makers across the various states will open the doors of their sugar houses to the public so that everyone can check out how maple syrup is made (and maybe even do a little sampling).
March 22nd and 23rd, both the Vermont Maple Sugar Makers Association and the New Hampshire Maple Producers Association will be having their 2014 Maple Open House Weekend.
In New York they have 2 Maple Weekends coming up. March 22nd and 23rd and again on the 29th and 30th.
We will keep our fingers crossed here at Yankee for some warmer temperatures.... meanwhile, all of you should make plans to get out there and check out some sugar houses, what a great way to spend a March day!
In spite of the weather, this weekend, Vermont, New York and New Hampshire are all promoting their upcoming Maple Open House weekends. Sugar makers across the various states will open the doors of their sugar houses to the public so that everyone can check out how maple syrup is made (and maybe even do a little sampling).
March 22nd and 23rd, both the Vermont Maple Sugar Makers Association and the New Hampshire Maple Producers Association will be having their 2014 Maple Open House Weekend.
In New York they have 2 Maple Weekends coming up. March 22nd and 23rd and again on the 29th and 30th.
We will keep our fingers crossed here at Yankee for some warmer temperatures.... meanwhile, all of you should make plans to get out there and check out some sugar houses, what a great way to spend a March day!
Friday, March 14, 2014
2013 Financial Results
Full-year net income for Yankee was $9.3 million, an increase of $640 thousand over 2012. The most significant factor driving the increase was net interest income which increased 14.8 percent to $14.3 million, up from $12.4 million in 2012. Also contributing to the increase in net income was an increase of $263 thousand in patronage refunds from CoBank. These increases were offset by an increase of $790 thousand in expenses other than interest expense and a decrease in refunds from the Farm Credit System Insurance Corp (FCSIC) of $393 thousand.
Year-end loan volume at December 31, 2013, was $413.3 million, up 7.3 percent from the prior year. The loan portfolio continues to be concentrated in the dairy industry, with 53 percent of the loans invested in dairy businesses. The second largest concentration is timber, with 13 percent of the loan volume at year-end.
Credit quality across Yankee’s loan portfolio improved during 2013 and remained well within the risk-bearing capacity of the Association. At year-end 0.8 percent of the Association loans were classified as nonperforming, compared to 1.5 percent at the end of 2012. There were no charge-offs and a recovery of $6 thousand recorded during 2013. The Association’s capital position remains strong.
The Board of Directors approved a patronage refund to members in the amount of $4.9 million for 2013, to be paid 100% in cash, which is approximately the same amount that was paid for 2012. 2013 patronage payments will be made on or about March 25, 2014. Patronage refunds will be distributed either in the form of a check or direct deposit to members’ bank accounts.
Click here for the full annual report to shareholders.
Year-end loan volume at December 31, 2013, was $413.3 million, up 7.3 percent from the prior year. The loan portfolio continues to be concentrated in the dairy industry, with 53 percent of the loans invested in dairy businesses. The second largest concentration is timber, with 13 percent of the loan volume at year-end.
Credit quality across Yankee’s loan portfolio improved during 2013 and remained well within the risk-bearing capacity of the Association. At year-end 0.8 percent of the Association loans were classified as nonperforming, compared to 1.5 percent at the end of 2012. There were no charge-offs and a recovery of $6 thousand recorded during 2013. The Association’s capital position remains strong.
The Board of Directors approved a patronage refund to members in the amount of $4.9 million for 2013, to be paid 100% in cash, which is approximately the same amount that was paid for 2012. 2013 patronage payments will be made on or about March 25, 2014. Patronage refunds will be distributed either in the form of a check or direct deposit to members’ bank accounts.
Click here for the full annual report to shareholders.
Saturday, March 1, 2014
FarmStart - Jason Spaulding in the news
FarmStart customer Jason Spaulding was featured in the March 2014 edition of American Agriculturist.
Click here to read the article by Susan Harlow of Westminster Station, Vt.
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